Table 3 results, ignore first column									
	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)
	Transfer dummy	Transfer dummy	Transfer dummy	Transfer dummy	Transfer dummy	Transfer dummy	Transfer dummy	Transfer dummy	Transfer dummy
New CM dummy	0.052***	0.040**	0.041**	0.041**	0.008	0.043**	0.044**	0.043**	0.195***
	(0.004)	(0.016)	(0.016)	(0.017)	(0.011)	(0.015)	(0.020)	(0.015)	(0.069)
New CM*top 10 rank in cohort		-0.025*							
		(0.013)							
New CM*home state dummy		0.037***	0.038***	0.035***	0.035***	0.047***	0.052**	0.049***	0.186***
		(0.011)	(0.011)	(0.011)	(0.011)	(0.013)	(0.018)	(0.012)	(0.045)
New CM*top 20 rank in cohort			-0.022**		-0.023**	-0.037**	-0.052***		-0.169***
			(0.010)		(0.011)	(0.013)	(0.014)		(0.055)
Constant	0.468***	0.500***	0.500***	0.500***	0.453***	0.502***	-0.064**	0.502***	-0.253***
	(0.002)	(0.018)	(0.018)	(0.018)	(0.019)	(0.022)	(0.026)	(0.022)	(0.091)
New CM*top 20 percentile rank in cohort								-0.042***	
								(0.013)	
New CM*female					-0.024*				
					(0.013)				
New CM*years of experience					0.030***				
					(0.010)				
New CM*top 30 rank in cohort				-0.012					
				(0.009)					
Observations	68553	54606	54606	54606	54606	46923	28948	46923	46923
R-squared	0.00	0.05	0.05	0.05	0.05	0.05	0.07	0.05	
Standard errors in parentheses									
* significant at 10%; ** significant at 5%; *** significant at 1%									
